Topic:"Affiliate Transactions" in M12832

Re: NSP Maritime Link Inc.'s (NSPML) 2025 Affiliate Code of Conduct Report Enclosed is NSPML's 2025 Annual Affiliate Code of Conduct (Affiliate Code) Report. As per NSPML's Affiliate Code approved by the NSEB on December 14, 2020 in M09865...

AI summary NSP Maritime Link Inc. (NSPML) submits its 2025 Affiliate Code of Conduct Report, complying with obligations under the NSEB-approved code (M09865). The report includes attachments detailing affiliate transactions, performance metrics, and compliance certifications, with NSPML noting no exceptions in 2025. Agreements with NS Power are referenced, and the report is submitted by Keith Bourne with cc to key stakeholders.

3 [NSP Trigen Inc.] Entity Number Entity Percentage Owned by Emera or Other Affiliate Registered Address Nature of Business Vivek Sood President and Chief Executive Officer Entity Entity Percentage Owned by Emera or Registered Address Natu...

AI summary The document presents information about entities associated with Emera and their ownership, registered addresses, and business nature. Entities include Emera Utility Services, NSP Pipeline Management Limited, and others, with details on their ownership structure and key officers.

Affiliate Code Section 3.2 Affiliate Exemptions

AI summary This section of the Nova Scotia Energy Board's Affiliate Code outlines exemptions applicable to affiliates, likely addressing regulatory considerations for transactions or obligations between affiliated entities within the energy sector.

Affiliate Exemptions on Labour Transactions Between NSP Maritime Link Incorporated (NSPML) and NS Power The Affiliate Code provides an exemption to the pricing provisions on transactions between NSPML and NS Power. However, NSPML charges a...

AI summary The Affiliate Code exempts NSPML and NS Power from pricing provisions on labour transactions, but NSPML applies overhead and non-productive adders to avoid stranded costs. In 2025, no NSPML employees billed NS Power, but NS Power charged NSPML for overhead and non-productive adders. This approach aligns with accounting standards and has no customer financial impact.

President's Acknowledgment – Affiliate Code of Conduct In accordance with section 8.1 of NSPML's Code of Conduct governing Affiliate Transactions , I certify that to the best of my knowledge for the calendar year 2025 all affected employee...

AI summary The President of NSP Maritime Link Inc. certifies compliance with the Affiliate Code of Conduct for 2025, confirming employees adhered to requirements governing affiliate transactions, including pricing and documentation standards, as mandated by section 8.1 of the Code.

Request IR-1: - a) Explain the basis for excluding the $6,762,743 transaction from the Affiliate Transaction Report and identify the specific provision(s) of the Affiliate Code relied upon by NSPML. - b) Which entity bore the gain or loss...

AI summary Request IR-1 asks NSPML to explain the exclusion of a specific financial transaction from the Affiliate Transaction Report and to identify the entity that incurred the gain or loss from the hedge transaction.